The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1887-11-24
ARTICLES OF INCORPORATION

An ICleo Ut INCORPORATION.
We, the undersigned, do hereby associate our
selves together for tile purpose of Incorporation
under the provisions Of title two (2). OF chapter
thirty-fOur <34), Of the general statutes of the
State Of Minnesota Of 1873 and the amendments
thereto, and to that end do hereby adopt and
sign the following articles OF Interpretations:
ARTICLE NAME.
The name of this corporation shall be Worth
inston Mill Co.
ARTICLE ll-PURPOSE OF ORGANIZATION.
The object and the general nature OF the bust
ness Of said corporation shall be to purchase
and sell grain. and to operate 4 custom and mer-
chant mill or mills for all purposes: to own,
purchase and sell such real and personal prop
cry as Shall he necessary, for its own use .
BENEFIT r;, or necessary for the collection or Sc
owing to, or in which said corporation may have
al interest, and do amy othe: lawful business.
ARTICLE 11I-PLACE OF BUSINESS.
The place Of transacting the business of said
~, Minnesota.
ARTICLE y-DURAT1oN
The commencement Of this corporation shall
he December list, 1887, Az! it shall continue
thirty years.
ARTICLE V-CAr1rAL STOCK.
The amount Of tho capital stock Of said corpo-
ration shall be twenty-five thousand dollars
(s25 ooo). which Shall be paid in at the time Of
Subscription. Said capital stock may be in
creased from time to time to fifty thousand dol;
y 81
50 to DO by vote Of three-fourths OF the stock.
ARTICLE VI-lNDEBTEDNEss.
, The highest amount Of Indebtedness or la
bility to which this corporation sll. at any time
be subject shall be ten thousand dollars.
ARTICLE VlI-lNCoRPORAToRs.
ThenameS and places of residence Of the per-
sons forming the association for this corpora
,i GSsSt SHskf9n Minp S &c.,,
| Geo. D. DHytOn NGrhiuT1On Minnesota.
ARTICLE VIlI-D1KEc1oRs.
-, The names OF the first board Of directors Of
this corporation are: W. II. Gilbert. ): L;
Moulton and Gee; D. Dayton. Who sha hold
venber, 1888.
| ARTICLE ANNOUNCEMENT.
The COVER ment Of said corporation and the
management OF its affairs shall be vested III 4
board of directors, to consist OF three in num-
holders annually on the first Wednesday in No.
vember OF each year, and hold their Offices until
their successors are duly elected. A majority
shall constitute Il quorum for the transaction OF
! business. The board shall have power to fill all
vacancies occurring in the same until the FOL
| lowing annual meeting.
ARr1CLs X-OFF1CEEs.
| The officers Of said corporation shall be a
! president, secretary and treasurer. and such
other officer or officers as shall from time to time
be appointed by said board all of whom except
| president secretary and treasurer, shall hold
their offices during the pleasure Of said board
The president: secretary and treasurer shat! be
elected annually by the board Of directors from
| their o. II number.
ARTICLE XI-SHAREs AND VALUE OF EACH.
| The number and amount of the shares in the
| capital stock o; said corporation shall be two
hundred and fifty shares OF one hundred dollars
| each.
In witness whereof we have hcrcunto SUBJ
| scribed our names and affixed our seals this
10th day OF November, 1887.
| In presence Of
| GEO. W. WILSON.
| H. c. CRAWFORD.
| W. II. GILBERT, [Sca,
! j. =. MoULTOS. [Seal.
| GEO ID. DAYTON, [Se;.l.
| State 0f Minnesota, ss
| County OF Mobiles. Do
&c it remembered that on this 18th day Of No.
| vcmber A. D. 1887, personally appear
ed :. before the undersigned. Il notary
| public in and TO- said cOlnty, the
above named W. H. Gilbert. J. +. Moullon an'
Geo. d. Dayton, the persons named as incorpo-
rators in the foregoing articles of incorporation
| Sons named therein. and who executed the
| same as their free act and deed, and for the
purposes and Uses therein expressed:
| tSeall GEO W. WILSON,
Notary Public of Mobiles County. Minnesota